That scenario is different than when a crank is loose on the floor. The main bearings will support it and the tension from the belt doesn't have enough leverage to make it warp. I've never personally seen or known of a warped crank, but 50 million elvis fans can't be wrong.
I think that there is significantly more leverage on the crank from the accessory belts than when the thing is just setting on the floor.
You can try this yourself, but with a 3.8 buick crank setting horizontally on the floor it is pretty easy to push down on the accessory end on the crank so that it pivots on the 1st counterweight and lifts the flywheel side completely off the ground. The only way to have this much leverage on a crank while storing it is to put the snout in a hole and have the other end completely cantilevered. Any sane way of storing a crank on the ground will have less than half of this leverage.
I actually measured the force needed to pivot up a 3.8 buick crank with a scale at 49 lb. This force was distributed over the whole snout up to the 1st main bearing. I am pretty sure that I tightened the belts on that chevy 10 years ago tighter than this 49 lb ( with a prybar), also there is at least 2 belts so double that. With the crank pulley mounted to the end of the crank, there is significant additional distance and leverage (probably at least 2" more), so maybe even double it again. No matter how I look at it I think it is fair to say that there is significantly more leverage on the crank snout from the accessory belts than when a crank is laying on the floor.
Plus the crank was loaded like this for over a decade and did not warp.
To give you an idea of how flexable cast iron can be, if you leave a mill table on one side rather than centered for more than a week it can ruin the table and have to be rebuilt because the table will droop on the long side.
I've heard that before too, but I think they just tell us this to teach us good etiquette (Ever since I didn't go blind I have a hard time believing some of these things
. After all, who wants to come over to a mill and find it completely to ones side? I couldn't find it in the bridgeport manual either.
www.truetex.com/bridgeport-manual.pdf, but admittedly didn't read every last line.
That aforementioned Buick crank has been setting on its side for months now, so I guess I'll soon find out for sure. I have always stored on side before (harder to knock them over that way) so I'm not going to lose any sleep over it!